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Banking and Credit

With a widely recognized top-level practice, we counsel our clients on their most sophisticated credit transactions. Of all U.S. law firms, we help clients finance the highest volume of transactions.

Increasingly, our clients are looking at financings that involve cross-border issues, so our practice has become more global in its focus. Our integrated team of lawyers practicing around the globe—including our English law finance practice in London and Asia finance practice in Hong Kong—provides comprehensive advice and serves the global debt platforms and needs of our clients.

#1 Overall Law Firm
by Number of Deals
(Loan Pricing Corporation 2023)

Clients rely on us to advise on an array of sophisticated credit transactions and financial instruments at all levels of the corporate capital structure. Our practices focus on many areas of the bank and syndicated lending market, including:

  • Leveraged finance
  • Acquisition finance, including bridge financing
  • Investment grade finance
  • Project and energy finance

Through our work with arrangers and borrowers of syndicated credits, Simpson Thacher has participated in the structural development and geographic expansion of the syndicated credit market across all phases of the credit cycle. In addition, we have bolstered our restructuring work to complement our banking practice.

Most importantly, the Firm’s collegial style matches well with the project team approach used by most of our arranger and borrower clients.

Band 1
Band 1 ranking in Banking and Finance  (Chambers USA 2007-2024)
$1.5 T+
Advised on 1,050+ banking transactions for a total financing volume of $1.5+ trillion—over $153 billion more than that of the Firm’s nearest competitor
(Loan Pricing Corporation 2019-2023)

With teams dedicated to both borrower and lender representations, we have recently advised on financings for:
AT&T’s spin-off and business combination of WarnerMedia with Discovery
Twenty-First Century Fox’s spin-off related to its $52.4 billion sale to Disney
IBM’s approx. $34 billion acquisition of Red Hat
AerCap’s $30 billion acquisition of GE Capital Aviation Services
Gardner Denver Holdings’ $15 billion merger with Ingersoll-Rand’s industrial segment
Blackstone-led consortium’s acquisition of a majority stake in Emerson Electric’s Climate Technologies business, valued at $14 billion
Silver Lake Partners’ approx. $12.5 billion acquisition of Qualtrics
CSL Limited’s $11.7 billion acquisition of Vifor Pharma
Baxter’s $11.4 billion acquisition of Hillrom
DigitalBridge and IFM Investors’ $11 billion acquisition of Switch
Financing providers in CVS Health’s $10.6 billion acquisition of Oak Street Health
Hellman & Friedman and Permira-led investor group’s $10.2 billion acquisition of Zendesk
3M’s $9 billion combination of 3M’s Food Safety Business with Neogen
EQT and Goldman Sach’s $8.5 billion acquisition of Parexel
Blackstone Real Estate’s $7.6 billion acquisition of PS Business Parks
Calsonic Kansei’s $7.1 billion acquisition of Magneti Morelli
Biogen’s approx. $7.3 billion acquisition of Reata Pharmaceuticals
Blackstone’s $6.3 billion acquisition of Crown Resorts
Stonepeak’s $6.2 billion acquisition of Teekay LNG
II-VI Incorporated’s $5.425 billion acquisition of Coherent
Blackstone’s $4.6 billion acquisition of Cvent
KKR’s $3.37 billion acquisition of a non-controlling interest in Sempra Infrastructure Partners
TransUnion’s $3.1 billion acquisition of Neustar
“The Simpson Thacher [Banking and Credit] team remains at the forefront of the market with wide-ranging experience across the entire gamut of transactions.”
Chambers USA 2024

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